Investment funds assets up 2.1% in December, says BAMOSZ
Assets in investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) were up 2.1% at HUF 5.804 trillion at the end of December from a month earlier, it has announced, according to Hungarian news agency MTI.
Assets in money market funds fell 1.8% in the month to HUF 966.5 billion on net redemptions of HUF 18.3 bln. Assets in property funds grew 8.1% to HUF 787.6 bln as net sales reached HUF 57.5 bln. Assets in derivative funds rose 7.3% to HUF 169.1 bln on net investments of HUF 8.1 bln.
Assets in bond funds were up 1% to HUF 1.35 tln as investors invested net HUF 6.6 bln. Mixed fund assets rose 0.5% to HUF 760.7 bln as price rises more than offset net sales of HUF 5.5 bln. Assets in share funds increased 5.2% to HUF 288.1 bln as net sales reached HUF 2.2 bln.
Assets in principal-protected funds fell 4.1% to HUF 323.6 bln as net redemptions reached HUF 5 bln. Assets in absolute-yield funds were up 4.4% at HUF 827.1 bln with net sales of HUF 7.6 bln. Assets in commodity funds rose 11% to HUF 28.8 bln with net investments of HUF 2.5 bln.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.